ALLY McCOIST says he's "excited" by plans to restore Rangers to the top of Scottish football - but has urged caution over expecting a quick fix.

Ibrox chief executive Charles Green today revealed the club will seek admission to the Alternative Investment Market of the London Stock Exchange in the hope of raising up to £20million.

It is hoped their admission into the AIM can be completed by the end of the year, as they continue re-ordering their finances following the liquidation of the 'oldco' club and the acquisition of its assets by Charles Green's consortium in the summer.

And McCoist said today: "I'm excited because this has been the most dramatic six months for the club and its support.

"I don't believe for a minute that we're out of the woods yet, but there is light at the end of the tunnel and we're nearly there.

"I'm really, really excited by the prospect of the club getting back to where it was.

"It's not going to be an overnight fix. We have to take a real, hard look at where we are and what's actually happened.

"I don't think the vast majority of our support know exactly what's happened to the club. We've lost 28 players in six months

"We're not going to get back to where we were overnight, there has to be a realistic approach to it.

"At least now we can see where we want to go and there's a path to it.

"I'm very confident that we'll get back to where we were. In fact, I'm really looking forward to the challenge."